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ExpandFibre logo — R&D collaboration and Ecosystem by Fortum and Metsä Group to...

ExpandFibre

R&D collaboration and Ecosystem by Fortum and Metsä Group to accelerate the development of sustainable bioproducts

Founded 2020 11-50 employees Series Unknown Sustainability

General Information

Company Name ExpandFibre
Founded Year 2020
Employees 11-50
Industries Sustainability
Funding Stage Series Unknown
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About ExpandFibre

ExpandFibre is an R&D collaboration and an Ecosystem launched by Fortum and Metsä Group to accelerate the development of sustainable bioproducts. It focuses on upgrading pulp fibres, hemicellulose, and lignin from renewable and sustainable sources of straw and northern wood into new bioproducts. Its ambition is to meet the growing demands for sustainable textile fibres and other added value biomaterials. ExpandFibre aims to develop ground-breaking technologies and smart business concepts that are required to convert straw and pulp fibres into novel bioproducts, such as textile fibres. The joint mission of Fortum and Metsä Group is to provide selected markets with high-volume bioproducts that have a significantly lower carbon footprint compared to currently available fossil-based products. In 2020, Metsä Spring made a Venture Round investment in ExpandFibre to support its mission of accelerating sustainable bioproduct development. The 50 M€ R&D entity launched and implemented by Fortum & Metsä Group and co-funded by Business Finland aims to enable new bioproducts and green businesses to reach commercial maturity. Overall, ExpandFibre is positioned to drive innovation and promote sustainability within the industry by challenging other actors to join in its mission and work towards building a world-leading innovation ecosystem.

Taxonomy: R&D collaboration, bioproducts, innovation ecosystem, renewable resources, sustainable textiles, carbon footprint, straw-based products, pulp fibers, technology development, business concepts, green businesses, public funding, eco-friendly materials, innovation acceleration

Funding Rounds & Investors (1)

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Funding Stage Amount Investors Lead Investors Date
Venture Round •••••• 1
Investor
01 May 2020

FAQ About ExpandFibre

R&D collaboration and Ecosystem by Fortum and Metsä Group to accelerate the development of sustainable bioproducts
ExpandFibre was founded in 2020.
ExpandFibre operates in the following industries: Sustainability.
ExpandFibre has approximately 11-50 employees.
ExpandFibre has completed 1 funding round. The latest funding stage is Series Unknown.

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